diff --git a/Cargo.lock b/Cargo.lock
index 65a4bfdbeb0..220372510c9 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -12,22 +12,13 @@ dependencies = [
  "regex",
 ]
 
-[[package]]
-name = "addr2line"
-version = "0.22.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6e4503c46a5c0c7844e948c9a4d6acd9f50cccb4de1c48eb9e291ea17470c678"
-dependencies = [
- "gimli 0.29.0",
-]
-
 [[package]]
 name = "addr2line"
 version = "0.24.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "dfbe277e56a376000877090da837660b4427aad530e3028d44e0bffe4f89a1c1"
 dependencies = [
- "gimli 0.31.1",
+ "gimli",
 ]
 
 [[package]]
@@ -997,21 +988,6 @@ dependencies = [
  "fastrand",
 ]
 
-[[package]]
-name = "backtrace"
-version = "0.3.73"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5cc23269a4f8976d0a4d2e7109211a419fe30e8d88d677cd60b6bc79c5732e0a"
-dependencies = [
- "addr2line 0.22.0",
- "cc",
- "cfg-if 1.0.0",
- "libc",
- "miniz_oxide",
- "object",
- "rustc-demangle",
-]
-
 [[package]]
 name = "base-x"
 version = "0.2.11"
@@ -1548,7 +1524,7 @@ dependencies = [
  "cranelift-control",
  "cranelift-entity",
  "cranelift-isle",
- "gimli 0.31.1",
+ "gimli",
  "hashbrown 0.15.2",
  "log",
  "pulley-interpreter",
@@ -2738,12 +2714,6 @@ dependencies = [
  "windows-targets 0.52.6",
 ]
 
-[[package]]
-name = "gimli"
-version = "0.29.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "40ecd4077b5ae9fd2e9e169b102c6c330d0605168eb0e8bf79952b256dbefffd"
-
 [[package]]
 name = "gimli"
 version = "0.31.1"
@@ -3961,17 +3931,6 @@ dependencies = [
  "libc",
 ]
 
-[[package]]
-name = "io-uring"
-version = "0.7.10"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "046fa2d4d00aea763528b4950358d0ead425372445dc8ff86312b3c69ff7727b"
-dependencies = [
- "bitflags 2.9.0",
- "cfg-if 1.0.0",
- "libc",
-]
-
 [[package]]
 name = "ipnet"
 version = "2.9.0"
@@ -5319,7 +5278,7 @@ version = "0.13.5"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "be769465445e8c1474e9c5dac2018218498557af32d9ed057325ec9a41ae81bf"
 dependencies = [
- "heck 0.4.1",
+ "heck 0.5.0",
  "itertools",
  "log",
  "multimap",
@@ -6937,29 +6896,26 @@ checksum = "1f3ccbac311fea05f86f61904b462b55fb3df8837a366dfc601a0161d0532f20"
 
 [[package]]
 name = "tokio"
-version = "1.47.1"
+version = "1.49.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "89e49afdadebb872d3145a5638b59eb0691ea23e46ca484037cfab3b76b95038"
+checksum = "72a2903cd7736441aac9df9d7688bd0ce48edccaadf181c3b90be801e81d3d86"
 dependencies = [
- "backtrace",
  "bytes",
- "io-uring",
  "libc",
  "mio",
  "parking_lot",
  "pin-project-lite",
  "signal-hook-registry",
- "slab",
  "socket2 0.6.0",
  "tokio-macros",
- "windows-sys 0.59.0",
+ "windows-sys 0.61.1",
 ]
 
 [[package]]
 name = "tokio-macros"
-version = "2.5.0"
+version = "2.6.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6e06d43f1345a3bcd39f6a56dbb7dcab2ba47e68e8ac134855e7e2bdbaf8cab8"
+checksum = "af407857209536a95c8e56f8231ef2c2e2aff839b22e07a1ffcbc617e9db9fa5"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -7800,7 +7756,7 @@ version = "35.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "b6fe976922a16af3b0d67172c473d1fd4f1aa5d0af9c8ba6538c741f3af686f4"
 dependencies = [
- "addr2line 0.24.2",
+ "addr2line",
  "anyhow",
  "async-trait",
  "bitflags 2.9.0",
@@ -7809,7 +7765,7 @@ dependencies = [
  "cfg-if 1.0.0",
  "encoding_rs",
  "fxprof-processed-profile",
- "gimli 0.31.1",
+ "gimli",
  "hashbrown 0.15.2",
  "indexmap 2.11.4",
  "ittapi",
@@ -7860,7 +7816,7 @@ dependencies = [
  "cpp_demangle",
  "cranelift-bitset",
  "cranelift-entity",
- "gimli 0.31.1",
+ "gimli",
  "indexmap 2.11.4",
  "log",
  "object",
@@ -7940,7 +7896,7 @@ dependencies = [
  "cranelift-entity",
  "cranelift-frontend",
  "cranelift-native",
- "gimli 0.31.1",
+ "gimli",
  "itertools",
  "log",
  "object",
@@ -8041,7 +7997,7 @@ checksum = "2012e7384c25b91aab2f1b6a1e1cbab9d0f199bbea06cc873597a3f047f05730"
 dependencies = [
  "anyhow",
  "cranelift-codegen",
- "gimli 0.31.1",
+ "gimli",
  "object",
  "target-lexicon",
  "wasmparser 0.235.0",
@@ -8214,7 +8170,7 @@ dependencies = [
  "anyhow",
  "cranelift-assembler-x64",
  "cranelift-codegen",
- "gimli 0.31.1",
+ "gimli",
  "regalloc2",
  "smallvec",
  "target-lexicon",
@@ -8311,6 +8267,15 @@ dependencies = [
  "windows-targets 0.53.3",
 ]
 
+[[package]]
+name = "windows-sys"
+version = "0.61.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "6f109e41dd4a3c848907eb83d5a42ea98b3769495597450cf6d153507b166f0f"
+dependencies = [
+ "windows-link 0.2.0",
+]
+
 [[package]]
 name = "windows-targets"
 version = "0.48.5"
diff --git a/Cargo.toml b/Cargo.toml
index d09e9affb53..cb589b06fa4 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -87,7 +87,7 @@ syn = { version = "2.0.114", features = ["full"] }
 test-store = { path = "./store/test-store" }
 thiserror = "2.0.17"
 deadpool = { version = "0.12", features = ["rt_tokio_1", "managed"] }
-tokio = { version = "1.45.1", features = ["full"] }
+tokio = { version = "1.49.0", features = ["full"] }
 tokio-stream = { version = "0.1.15", features = ["sync"] }
 tokio-retry = "0.3.0"
 
diff --git a/tests/Cargo.toml b/tests/Cargo.toml
index 0ce0757b049..087e1599f21 100644
--- a/tests/Cargo.toml
+++ b/tests/Cargo.toml
@@ -19,7 +19,7 @@ graph-runtime-wasm = { path = "../runtime/wasm" }
 serde = { workspace = true }
 serde_yaml = { workspace = true }
 slog = { workspace = true }
-tokio = { version = "1.45.1", features = ["rt", "macros", "process"] }
+tokio = { version = "1.49.0", features = ["rt", "macros", "process"] }
 # Once graph upgrades to web3 0.19, we don't need this anymore. The version
 # here needs to be kept in sync with the web3 version that the graph crate
 # uses until then